HurricaneSwap recently conducted a new round of financing and succeeded in raising more than US$2 million. HurricaneSwap had previously received investment funds from LD Capital and AVATAR Ventures. In the current round, HurricaneSwap received investments from JRR Crypto, A&T Capital, Spark Digital Capital, Winkrypto, DuckDAO, AVALAUNCH, 7 O’Clock Capital, and more. HurricaneSwap is known for its high scalability of performance while working with new blockchains and new assets. While most platforms support only Bitcoin, Ethereum, and stablecoin, the platform of HurricaneSwap supports six different assets. In addition to this, HurricaneSwap coordinates with reputed crypto institutions of the industry to guarantee the market depth of assets.
The unique LP-Bridge mechanism of HurricaneSwap allows users to conduct trading in popular cryptocurrency assets across different blockchain networks without leaving Avalanche’s network. The platform offers the advantages of the Avalanche network to provide every user with a smooth trading experience across multiple chains at low cost, low slippage, and high performance. At present, the testnet of HurricaneSwap is deployed on the testnet of Avalanche Fuji. The HurricaneSwap testnet supports the Metamask wallet. Therefore, users need to prepare a browser and a Metamask wallet that can support it.
HurricaneSwap is highly convenient, easy to use, and efficient. The platform provides users with two distinct ways to trade in assets of multiple chains. The first way is the use of CEX. The users deposit the assets into the CEX and then withdraw the asset to the desired blockchain network. The second is the use of the cross-chain, single-token bridge. The steps to be followed include opening the bridge, linking the crypto wallet, authenticating with signature, choosing the token, validating, initiating the transaction, and then waiting for confirmation of the block. The whole process takes only about ten minutes.